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FED ERAL RE SE R V E BANK O F NEW YORK Fiscal Agent of the United States ( Circular N o. 4 2 4 3 1 June 28. 1955 J RESULTS OF BIDDING FOR TREASURY BILLS DATED JUNE 30, 1955 To all Incorporated Banlcs and Trust Companies, and Others Concerned, in the Second Federal Reserve D istrict: At the time o f printing our Circular No. 4242, dated June 28, 1955, announcing an offering o f 91-day Treasury bills, to be dated July 7, 1955, the results o f bidding for the previous week’s issue o f 91-day Treasury bills, to be dated June 30, 1955, and maturing September 29,1955, were not available. The results, now available, are : Total applied for . . $2,127,843,000 Total accepted ........ $1,500,043,000 (Includes $183,856,000 entered on a non competitive basis and accepted in full at the average price shown below) Average price ........ Equivalent rate of discount approx. 1.401% per annum 99.646 Range o f accepted competitive bids: High .................... 99.659 Equivalent rate of discount approx. 1.349% per annum .................... 99.630 Equivalent rate of discount approx. 1.464% per annum Low (62 percent o f the amount bid for at the low price was accepted) Federal Reserve District Total A pplied fo r Boston ...................................................... New York .............................................. Philadelphia ............................................ Cleveland ................................................ Richmond ................................................ Atlanta .................................................... Chicago .................................................... St. Louis .................................................. Minneapolis ............................................ Kansas City ............................................ Dallas ...................................................... San Francisco ........................................ Total .................................... $ 29,271,000 1,593,601,000 28,008,000 47,308,000 12,050,000 15,538,000 226,878,000 12,141,000 11,485,000 54,496,000 38,444,000 58,623,000 $2,127,843,000 Total Accepted $ 29,271,000 1,015,801,000 13,008,000 47,308,000 12,050,000 15.538,000 191,878,000 12,141,000 11,485,000 54,496,000 38,444,000 58,623,000 $1,500,043,000 A llan S proul, President.
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